Hycroft Mining Holding (HYMC) investor relations material

Executive summary

• Eliminated all debt by prepaying $136 million, resulting in a debt-free balance sheet and strengthened liquidity through major equity raises.

• Raised $235 million in net cash proceeds through equity offerings, private placement, warrant exercises, and at-the-market sales.

• Focused on exploration and development at the Hycroft Mine, with no significant gold or silver sales expected until mining resumes.

• Maintained a strong safety record with a 0.00 TRIFR over three years and received multiple safety awards.

• Expanded global institutional shareholder base, especially in Australia and the UK.

Financial highlights

• Net loss of $9.4 million for Q3 2025 and $32.9 million for the nine months ended September 30, 2025, both improved from prior year periods.

• Cash and cash equivalents increased to $139.1 million at September 30, 2025, from $49.6 million at December 31, 2024.

• $235 million in net cash proceeds raised in the third quarter of 2025.

• Interest expense decreased to $10.4 million for the nine months, down from $16.6 million in the prior year period.

• Approximately 80% of outstanding shares now held by institutional investors.

Outlook and guidance

• Plans to expand the 2025-2026 Exploration Drill Program, targeting high-grade silver systems and new exploration areas, with additional rigs following recent financing.

• Evaluating the restart of heap leaching operations and alternative processing technologies to optimize recoveries, influenced by strong gold and silver prices.

• Committed to maintaining strong liquidity and funding further exploration and technical studies.

• Positioned to aggressively pursue operating plans and evaluate long-term value creation opportunities.